According to Stratistics MRC, the Global Calibration Services market is accounted for $4.24 billion in 2015 and is expected to reach $7.16 billion by 2022 growing at a CAGR of 7.8%. Increased quality awareness, protective maintenance, and strict government regulations are the key factors influencing the market growth. In addition to that, factors such as high competition and lack of skilled labor are limiting the market. The emerging end user industries are providing vast opportunities for calibration services as they are vastly used in the performance of testing and measuring devices from their standard performance.

Electrical calibration service segment is estimated to dominate the market on account of sheer information through the electrical services. However, electronics manufacturing end-user segment is expected to dominate the market with share around 50% in calibration services market. Europe has the largest share for calibration services market and Asia Pacific is expected to be the fastest growing market during the forecast period.